Deutsche Bank Portfolio holdings

AUM $271B

1-Year Return 23.01%

Deutsche Bank AG, founded in 1870 to finance German exports and headquartered in Frankfurt, Germany, is a leading global investment bank with a significant presence in commercial banking, wealth management, and asset management, managing billions in assets across Europe, the Americas, and Asia. Known for its expertise in trading, corporate finance, and mergers and acquisitions, it serves corporations, governments, and institutional clients, though it has faced challenges, including hefty fines and restructuring efforts following the 2008 financial crisis and subsequent scandals. Under CEO Christian Sewing since 2018, the bank has shifted focus toward cost-cutting, digital transformation, and strengthening its core European operations, while its asset management arm, DWS, oversees hundreds of billions in investments. Despite a turbulent past, Deutsche Bank remains a key player in global finance, balancing its legacy with efforts to adapt to a rapidly evolving industry.

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

-7.41%

1 Year Return

+23.01%

3 Year Return

+90.62%

5 Year Return

+171.03%

10 Year Return

+392.19%

AUM

$129B

AUM Growth

-$27.2B (-17%)

Cap. Flow

-$15.2B

Cap. Flow % of AUM

-11.78%

Top 10 Holdings % Top 10 Hldgs %

11.02%

Holding

5,099

New

152

Increased

2,253

Reduced

1,810

Closed

288

Top Buys

1	CERN Cerner Corp CERN	+$1.67B
2	Kraft Heinz KHC	+$631M
3	WEC Energy WEC	+$301M
4	Magna International MGA	+$259M
5	Deutsche Bank DB	+$195M

Top Sells

1	eBay EBAY	+$2.05B
2	Apple AAPL	+$871M
3	KRFT KRAFT FOODS GROUP INC COM STK (VA) KRFT	+$815M
4	Microsoft MSFT	+$559M
5	Alphabet (Google) Class C GOOG	+$499M

Sector Composition

1	Financials	12.87%
2	Technology	11.59%
3	Healthcare	11.56%
4	Industrials	8.88%
5	Consumer Discretionary	8.87%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1701	1701 Exponent EXPO $3.54B	$5.29M	﹤0.01%	237,486 +23,646	+11%	+$527K
1702	1702 Builders FirstSource BLDR $15.8B	$5.29M	﹤0.01%	416,999 +254,933	+157%	+$3.23M
1703	BCRH 1703 DELISTED BLUE CAPITAL REINSURANCE HOLDINGS LTD. BCRH	$5.29M	﹤0.01%	306,924 +99,838	+48%	+$1.72M
1704	1704 Itron ITRI $5.47B	$5.28M	﹤0.01%	165,415 -219,953	-57%	-$7.02M
1705	ESIO 1705 DELISTED Electro Scientific Industries ESIO	$5.27M	﹤0.01%	1,135,311 -73,942	-6%	-$343K
1706	1706 Main Street Capital MAIN $5.99B	$5.26M	﹤0.01%	197,409 -3,500	-2%	-$93.3K
1707	NPKI 1707 NPK International Inc. NPKI $889M	$5.26M	﹤0.01%	1,027,758 +281,922	+38%	+$1.44M
1708	CMBT 1708 CMB.TECH NV CMBT $2.8B	$5.26M	﹤0.01%	378,392 +100,837	+36%	+$1.4M
1709	DDC 1709 DELISTED Dominion Diamond Corporation DDC	$5.25M	﹤0.01%	492,087 -234,517	-32%	-$2.5M
1710	1710 Factset FDS $13.7B	$5.24M	﹤0.01%	32,799 -15,863	-33%	-$2.53M
1711	NXEO 1711 DELISTED Nexeo Solutions, Inc. Common Stock NXEO	$5.24M	﹤0.01%	504,401 +32,201	+7%	+$334K
1712	ISBC 1712 DELISTED Investors Bancorp, Inc. ISBC	$5.23M	﹤0.01%	424,271 -725,493	-63%	-$8.95M
1713	1713 Bio-Techne TECH $7.97B	$5.22M	﹤0.01%	225,964 +150,484	+199%	+$3.48M
1714	1714 Sasol SSL $4.46B	$5.22M	﹤0.01%	187,561 +89,365	+91%	+$2.49M
1715	KKD 1715 DELISTED KRISPY KREME DOUGHNUTS INC KKD	$5.21M	﹤0.01%	356,427 -181,604	-34%	-$2.66M
1716	TBI 1716 Trueblue TBI $179M	$5.21M	﹤0.01%	232,065 -88,211	-28%	-$1.98M
1717	AM 1717 DELISTED ANTERO MIDSTREAM PARTNERS LP AM	$5.21M	﹤0.01%	+291,836	New	+$5.21M
1718	1718 ABM Industries ABM $2.8B	$5.21M	﹤0.01%	190,724 +79,224	+71%	+$2.16M
1719	MWW 1719 DELISTED Monster Worldwide Inc MWW	$5.2M	﹤0.01%	809,640 +144,559	+22%	+$928K
1720	SGYP 1720 DELISTED Synergy Pharmaceuticals, Inc Common Stock SGYP	$5.19M	﹤0.01%	979,132 +902,736	+1,182%	+$4.78M
1721	AVTA 1721 DELISTED Avantax, Inc. Common Stock AVTA	$5.14M	﹤0.01%	373,708 -14,468	-4%	-$199K
1722	1722 America Movil AMX $61.4B	$5.14M	﹤0.01%	310,575 -889,581	-74%	-$14.7M
1723	1723 Gerdau GGB $6.03B	$5.14M	﹤0.01%	4,726,323 +3,809,968	+416%	+$4.14M
1724	1724 Boise Cascade BCC $3.2B	$5.13M	﹤0.01%	203,528 -52,426	-20%	-$1.32M
1725	1725 Hexcel HXL $4.93B	$5.12M	﹤0.01%	114,198 -20,580	-15%	-$923K